Abidali Neemuchwala quits as Wipro CEO and MD, cites ‘family commitments’

Abidali Z Neemuchwala has stop as the main executive officer and handling director of Wipro, the IT providers business mentioned on Friday.

Neemuchwala, fifty two, has made a decision to step down owing to “household commitments”, mentioned the business in a press launch. He will carry on to keep workplace until a successor is appointed, it mentioned in a regulatory filing.

“lt has been my honour and privilege to serve Wipro, a business with a wealthy legacy of pretty much 75 yrs,” he mentioned about his resignation.

When billionaire and philanthropist Azim Premji step down as chairman of Wipro in June 2019, his son Rishad Premji was appointed in his place and Neemuchwala was re-selected as CEO and handling director.

Wipro, India’s fourth major IT providers business, on January 17 described a 35.1 for each cent 12 months-on-12 months (YoY) leap in its web gain at Rs two,552.six crore for the second quarter of the economical 12 months 2019-20 (FY20). On sequential foundation, the figures grew six.9 for each cent.

‘We thank Abid for his leadership and his contributions to Wipro,” mentioned Rishad Premji in the press launch.